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Funny thing about crypto enthusiasts is that they'll claim cryptocurrencies are currencies when it's convenient then claim they are "assets" or "a store of valu
by mvdtnz 3y ago
Funny thing about crypto enthusiasts is that they'll claim cryptocurrencies are currencies when it's convenient then claim they are "assets" or "a store of value" when it's not.
- AnonCoward42 3y agoObvious strawman.
- yjftsjthsd-h 3y ago> they'll claim cryptocurrencies are currencies when it's convenient then claim they are "assets" or "a store of value" when it's not. It's been a while since I took an econ class, but aren't all currencies, by definition, assets / stores of value? Edit: Oh, you mean they're only assets but don't meet other criteria to be currencies?
- mvdtnz 3y agoYeah, your edit. It's a common refrain among Bitcoiners when faced with the deficiencies of their scambucks.
- AnonCoward42 3y agoHow is Bitcoin a scam for you. Tell me.
- mvdtnz 3y agoI didn't say Bitcoin is a scam. It's almost exclusively used for scams and other crimes, though.
- AnonCoward42 3y agoYou said "Bitcoiners" and "their scambucks" in one sentence. Before eCommerce took off the internet was almost exclusively used for scams and arguably that is still the case even if not exclusively it's still a big part, so we should declare the internet a scam I suppose. Disclaimer: I am not even heavily invested (in any sense). It's just a means to pay for stuff for me.
- JumpCrisscross 3y ago> aren't all currencies, by definition, assets / stores of value? Yes and no. Modern currencies separate the medium of exchange and unit of account functions, on one hand, from the store of value and standard of deferred payment functions, on the other hand. Paper and deposit dollars are the former, Treasuries are the latter. Someone complaining about inflation eroding their cash under a mattress's value is literally using their dollars wrong.
- injeolmi_love 3y agoThere’s over 1.8 million crypto tokens. You can find one for any concept that’s been thought up.